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October 1, 2013–March 31, 2014

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Full Report:

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Legal Services

The Legal Services program serves as the independent legal counsel to the IG and the OIG staff. The Legal Services staff members provide comprehensive legal advice, research, counseling, analysis, and representation in support of OIG audits, investigations, inspections, evaluations, and other professional, management, and administrative functions. This work provides the legal basis for the conclusions, findings, and recommendations contained in OIG reports. Moreover, Legal Services keeps the IG and the OIG staff aware of recent legal developments that may affect the activities of the OIG, the Board, and the CFPB.

In accordance with section 4(a)(2) of the IG Act, Legal Services staff members conduct an independent review of newly enacted and proposed legislation and regulations to determine their potential effect on the economy and efficiency of the Boards and the CFPBs programs and operations. During this reporting period, Legal Services reviewed 15 legislative and 7 regulatory items.